Legal

A Holistic Approach to Estate Planning and Probate

By |2023-03-19T12:05:15-04:00February 5th, 2023|Categories: Legal|

Why should you get your estate plan in place now? The answer is simple: to ensure a seamless transition for your family when you pass. In an ever changing and conflict ridden world, reducing stress is key. One of the proven ways to reduce stress is to have a thorough and effective plan in place. But no matter how much we plan, there can often be a certain level of stress and anxiety that comes

A New? Type of Fiduciary Role – A look at the new Florida Uniform Directed Trust Act

By |2022-12-13T09:12:51-05:00December 13th, 2022|Categories: Legal|

In July of 2021, Florida adopted the new Florida Uniform Directed Trust Act (FUDTA).  Essentially, the FUDTA gives authority to someone, other than a trustee, to make certain decisions for the trust and give direction. What is a directed trust and how can it benefit you? In a world of constant evolution for estate planning, wealth preservation, and asset protection, a new concept adopted by the Florida legislature has provided a new way for administering

Asset Planning to Protect Assets

By |2021-09-13T12:27:41-04:00September 13th, 2021|Categories: Legal|Tags: , |

Monique M. Sadarangani, J.D., LL.M. was recently featured in an article published by LAWQ ( https://thelawq.com ). The article addresses the question of asset protection through asset planning. You can read the full article here: https://thelawq.com/asset-planning-to-protect-assets/

How Biden’s New Tax Proposal Can Impact Your Estate Plans

By |2021-03-25T15:08:57-04:00March 25th, 2021|Categories: Legal|Tags: , |

As the new year brought in a new executive regime, there are many tax and financial implications that follow. With Biden’s tax plan, one of the key areas that Biden has addressed is eliminating the “step up in basis” for transfers of assets at death. The step up in basis allows for the transfer of one’s assets upon death to intended beneficiaries or heirs without the beneficiaries/heirs having to pay a capital gains tax upon

Massachusetts upholds its Policy on Promoting Expeditious Probate Administration

By |2021-02-03T06:39:40-05:00January 27th, 2021|Categories: Legal|Tags: , , |

The recent holding In re Estate of Jacqueline Ann Kendall emphasizes the State’s desire to advocate for efficient probate administration among both creditors and heirs. Sheer statutory interpretation by the Supreme Judicial Court determined that the Commonwealth’s MassHealth program will not be the exception to its ultimate time limit policy when it comes to recovering claims against an estate. This rule is firmly rooted in the recent holding of In re Estate of Kendall,

How To Prepare Your Documents During A Pandemic

By |2021-02-03T06:42:29-05:00July 16th, 2020|Categories: Legal|Tags: , , , , , , , , , , |

During this unprecedented time, it’s normal for people to worry about protecting their loved ones and assets. The coronavirus pandemic is unlike anything we’ve ever seen before, and even the healthiest of people can be affected. We haven’t seen the last or the worst of this illness, and while it’s never pleasant to think about the worst-case scenario, it’s vital to ensure your affairs and assets are up-to-date and in order.  1. Trusts and Wills A will

Terminating or Changing Trusts in Changing Times

By |2021-02-03T06:35:26-05:00May 29th, 2020|Categories: Legal|

A trust is a great way to ensure you’re protecting your assets and your family after your passing, and you don’t have to be extremely wealthy to benefit from one. However, your family or circumstances may change over time. Here, we’ll cover the types of trusts you could have and what to do if you need to end one.   Revocable vs Irrevocable Trusts A living trust is a legal agreement that allows you to

Estate Planning Today: Is a Will or a Trust the Best Option for Me?

By |2021-02-03T06:35:26-05:00May 5th, 2020|Categories: Legal|Tags: , , , , , , |

In a today’s constantly growing world, people are striving to obtain more and more assets either through acquiring real estate, creating new businesses, or investing in the stock market. All of these are great ways to grow your financial portfolio, but have you considered who gets these assets after you pass away? Have you considered what would happen to your profound wealth and who would get rights to it should you pass away? Well, there

How You Can Help Your Elderly Parents During the Pandemic

By |2021-02-03T06:35:26-05:00April 24th, 2020|Categories: Legal|Tags: , , , , , |

The year 2020 has been anything but easy. Not only has the world been hit with a deadly virus, but self-isolation and quarantine practices have been mandated. In addition to working from home, home-schooling your children, and wearing protective gear at the grocery store, you must also consider the impact COVID-19 may have on your aging parents. Since the elderly are more at risk of catching the virus, you have probably limited most, if not

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